Cairns City, Queensland


Property Description

You Have Arrived - Top Property with Upside

Modern, exclusive 4 level resort in a prime location.
Offering a total of 95 spacious two and three bedroom apartments with 47 in the current letting pool, this quality resort is in a high demand area.
Excellent Body Corporate salary and good agreements.
A mix of holiday and permanent letting is offered.
Further growth ongoing with conversion to holiday letting progressing as demand requires.
Cairns long term rental vacancy rate is down to 2% with rentals rising.
No major new apartment properties have been built for 10 years.
Small manager pet allowed.
Opportunity for the manager to upgrade to 3 bedroom apartment.
Gallery Vie compliant.
Rarely do opportunities for properties of this calibre and upside come along.
Contact Calvin today for further property details.

Property Summary

Business Snapshot

Price: $2,200,000 Net Profit: $423,567 Remuneration / Body Corp Salary: $122,265Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $380,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Well sized manager's apartment with adjoining office on title. Opportunity for manager to upgrade to a three bedroom apartment.

Complex Information

Complex Type: MixedTotal Units in Complex: 95Total Units in Letting Pool: 45Holiday Units: 19Permanent Units: 26Owner Occupy Units: 34Outside Agent Units: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey
Calvin Bailey Management Rights


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Map Location ( get directions )

Cairns City, Queensland 4870 Exact map location not provided

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